Industry

Cresset Capital Management has launched Cresset Family Office, led by two former executives from U.S. Bank and Wells Fargo.

Clients are open to having their money managed by a big tech-focused firm, Merrill Lynch adds features to its mobile app and LPL hires Richard Steinmeier to head business development.

Observers said the deal was both “timely and fortunate” for both parties.

Constant flux is the norm. Get used to it.

Lincoln Financial and Orion partner on an annuities platform, Seaward Management rebrands and Alex. Brown adds an LA-based team.

A day after a Robinhood co-CEO said competitors like Fidelity and Schwab weren’t really technology companies, Ram Subramaniam reminded attendees at the same conference how many “technologists” it employs.

The Fifth Circuit pours dirt on the DOL rule’s coffin, Fiduciary Trust Charitable cuts donor-advised fund minimum and millennials are still relying on their parents for money.

The ruling could affect about 100 cases currently at the SEC, along with a dozen that are on appeal in the federal courts.

Guggenheim Partners Investment Management has been in talks with global insurers, sovereign wealth funds and investment pools in Europe, the Middle East and Asia.

Stash kills management fees for those 25 and under, MoneyLion hires Stifel’s Jon Stevenson to run its wealth management division and Fi360 acquires CFFM.